BNB Chain’s Planck Upgrade: Enhancing Security and Stability

04/05/2023 12:24 • Metaverse Matters • 130 views

On April 5th, according to official news, BNB Chain will conduct a hard fork upgrade with the code name Planck at a block height of 27281024. Based on the current network block output speed, it is predicted that the upgrade will start at 13:30 Beijing time on April 12th. The core team stated that this upgrade aims to enhance the security and stability of the network. The main network verifier and full node operator should switch their software version to v1.1.21 before April 12, 2023.

BNB Chain is expected to launch the Planck hard fork upgrade on April 12, 2023

Introduction

The BNB Chain, founded in 2017, is an increasingly popular blockchain project that has gained immense credibility and growth since its inception. It is a decentralized blockchain network that ensures the seamless exchange of digital assets through the use of smart contracts. The BNB Chain is set to conduct a hard fork upgrade with the code name Planck at a block height of 27281024 on April 5th, according to official news.

What is a Hard Fork Upgrade?

A hard fork upgrade is a fundamental change in the blockchain network’s protocol, requiring all nodes and miners to upgrade to the new version of the software. The hard fork makes the previous version of the software incompatible with the new one, resulting in a permanent split between the two. This upgrade is different from a soft fork, which is a minor protocol improvement that ensures backward compatibility.

Planck Upgrade Details

Starting at 13:30 Beijing time on April 12th, the Planck upgrade aims to enhance the security and stability of the BNB Chain network. The core team has stated that this upgrade is essential to ensure better scalability, faster transactions, and more security on the network.
It is crucial to note that the main network verifier and full node operator should switch their software version to v1.1.21 before April 12, 2023. This version will be compatible with the upgraded network’s protocol, and those who fail to upgrade may not be able to enjoy the benefits of the new upgrade.

Benefits of the Planck Upgrade

One of the primary advantages of the Planck upgrade is its ability to improve the network’s speed and scalability. This upgrade allows a more streamlined transaction process, making the network more efficient and user-friendly.
Another benefit of the Planck upgrade is its ability to enhance the network’s security features. The upgrade will strengthen the network against cyber-attacks and external threats, providing a safer and more secure platform for users to carry out transactions.

Conclusion

The BNB Chain’s Planck upgrade marks a significant achievement for the blockchain network. It is a step toward improving the network’s overall performance, security, and stability. With the upgrade, users can expect faster, safer, and more efficient transactions.

FAQs

1. What is a hard fork upgrade?

A hard fork upgrade is a fundamental change in the blockchain network’s protocol, requiring all nodes and miners to upgrade to the new version of the software.

2. Why is the BNB Chain conducting the Planck upgrade?

The BNB Chain is conducting the Planck upgrade to enhance the security and stability of the network, ensuring better scalability, faster transactions, and more security.

3. What do I need to do to prepare for the Planck upgrade?

Main network verifiers and full node operators must switch their software version to v1.1.21 before April 12, 2023, to enjoy the benefits of the new upgrade.

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